Estimate $1.09m – $1.45m
4
50 Palmer Street, Grasmere
27 properties · Grasmere, Invercargill
Palmer Street, Grasmere
Palmer Street in Grasmere has 27 properties, valued by the council between $370,000 and $1,050,000 with a median of $472,500 (Grasmere: $410,000). More of its homes were built in the 1950s than in any other decade. We estimate its homes at a median $587,500. 3 sold in the last twelve months, for a median $820,000. The highest sale in 2026 was 27 Palmer Street, at $820,000.
$473kmedian council valuation
$588kour median estimate
$820kmedian sale, last 12 months · 3 sales
1955median year built
27 properties on Palmer Street, Grasmere
Estimate $936k – $1.24m
5
49 Palmer Street, Grasmere
Estimate $944k – $1.20m
4
44 Palmer Street, Grasmere
Estimate $913k – $1.16m
3
47 Palmer Street, Grasmere
Estimate $879k – $1.11m
5
29 Palmer Street, Grasmere
Estimate $706k – $938k
3
39 Palmer Street, Grasmere
Estimate $727k – $922k
4
19 Palmer Street, Grasmere
Estimate $654k – $828k
4
33 Palmer Street, Grasmere
Estimate $654k – $828k
4
35 Palmer Street, Grasmere
Estimate $680k – $862k
4
27 Palmer Street, Grasmere
Finding a picture…
Estimate $573k – $762k
3
26 Palmer Street, Grasmere
Finding a picture…
Estimate $561k – $711k
3
40 Palmer Street, Grasmere
Finding a picture…
Estimate $510k – $678k
3
9 Palmer Street, Grasmere
Finding a picture…
Estimate $519k – $658k
3
10 Palmer Street, Grasmere
Finding a picture…
Estimate $519k – $658k
3
7 Palmer Street, Grasmere
Finding a picture…
Estimate $469k – $623k
4
6 Palmer Street, Grasmere
Finding a picture…
Estimate $468k – $623k
3
34 Palmer Street, Grasmere
Finding a picture…
Estimate $492k – $624k
3
31 Palmer Street, Grasmere
Finding a picture…
Estimate $486k – $616k
3
16 Palmer Street, Grasmere
Finding a picture…
Estimate $461k – $613k
3
24 Palmer Street, Grasmere
Finding a picture…
Estimate $487k – $617k
3
45 Palmer Street, Grasmere
Finding a picture…
Estimate $448k – $567k
2
20 Palmer Street, Grasmere
Finding a picture…
Estimate $432k – $575k
3
36 Palmer Street, Grasmere
Finding a picture…
Estimate $436k – $553k
3
21 Palmer Street, Grasmere
Highest and lowest on Palmer Street
Highest-valued home50 Palmer Street$1,050,000council valuation · 4 bed · 173 m² floor · 9,106 m² land
Property values on Palmer Street
The council values Palmer Street's 26 rated properties between $370,000 and $1,050,000. The middle half sit between about $428,750 and $642,500; the median is $472,500 and the mean $563,077.
| Bedrooms | Homes | Median council value | Sold, last 12 months | Median sale |
|---|---|---|---|---|
| 2 | 1 | $420k | 0 | — |
| 3 | 16 | $440k | 2 | — |
| 4 | 7 | $590k | 1 | — |
| 5+ | 2 | $868k | 0 | — |
Council rating valuations: the council's figure for apportioning rates, not a market appraisal.
Palmer Street compared with Grasmere
Palmer Street's median council value is 15% above Grasmere's.
| Palmer Street | Grasmere | Invercargill | |
|---|---|---|---|
| Median council value | $473k | $410k | $435k |
| Median sale, last 12 months | $820k | $525k | $515k |
| Sold in the last 12 months | 11.1% | 5.4% | 4.8% |
| Median section | 809 m² | 627 m² | 759 m² |
| Median year built | 1955 | 1960 | 1960 |
| Council value per m² of floor | $3k | $4k | $3k |
Palmer Street house prices over time
Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.
Sales by year as a table
| Year | Sales | Median price | Per m² floor |
|---|---|---|---|
| 2026 | 2 | $700,000 | $4,447 |
| 2025 | 2 | $721,750 | $3,981 |
| 2023 | 1 | $850,000 | $2,361 |
| 2022 | 1 | $510,000 | $4,636 |
| 2020 | 2 | $273,500 | $2,056 |
| 2019 | 4 | $390,000 | $2,384 |
| 2016 | 2 | $236,300 | $1,814 |
Recent sales on Palmer Street
- 7 Palmer Street$580,00030 May 2026 · 3 bed · 121 m² floor · 769 m² land
- 27 Palmer Street$820,00027 May 2026 · 4 bed · 200 m² floor · 1,072 m² land
- 47 Palmer Street$1,020,00021 Oct 2025 · 3 bed · 248 m² floor · 706 m² land
- 20 Palmer Street$423,5003 Mar 2025 · 2 bed · 110 m² floor · 809 m² land
- 29 Palmer Street$850,00013 Jan 2023 · 5 bed · 360 m² floor · 1,963 m² land
- 10 Palmer Street$510,00019 Jan 2022 · 3 bed · 110 m² floor · 809 m² land
- 47 Palmer Street$170,00017 Dec 2020 · 3 bed · 248 m² floor · 706 m² land
- 45 Palmer Street$377,00018 Jun 2020 · 3 bed · 110 m² floor · 1,077 m² land
- 21 Palmer Street$330,00021 Oct 2019 · 3 bed · 110 m² floor · 809 m² land
- 33 Palmer Street$480,0004 Jul 2019 · 4 bed · 200 m² floor · 976 m² land
- 31 Palmer Street$300,00015 Apr 2019 · 3 bed · 151 m² floor · 1,055 m² land
- 35 Palmer Street$450,0001 Mar 2019 · 4 bed · 190 m² floor · 1,007 m² land
- 16 Palmer Street$235,00010 Jun 2016 · 3 bed · 160 m² floor · 809 m² land
- 10 Palmer Street$237,60014 Feb 2016 · 3 bed · 110 m² floor · 809 m² land
- 7 Palmer Street$235,00024 Aug 2015 · 3 bed · 121 m² floor · 769 m² land
- 40 Palmer Street$290,00016 Jul 2015 · 3 bed · 130 m² floor · 809 m² land
- 44 Palmer Street$535,0003 Jun 2015 · 4 bed · 260 m² floor · 809 m² land
- 19 Palmer Street$375,00012 Mar 2015 · 4 bed · 120 m² floor · 1,660 m² land
- 7 Palmer Street$200,0006 Nov 2013 · 3 bed · 121 m² floor · 769 m² land
- 16 Palmer Street$210,2004 Mar 2013 · 3 bed · 160 m² floor · 809 m² land
The homes on Palmer Street
Palmer Street has 27 houses. More were built in the 1950s than in any other decade (46%).
Building and resource consents on Palmer Street
2building consents in the last 5 years
- 45 Palmer Street1 Apr 2026 · Building consentAdd of wc
- 49 Palmer Street1 Apr 2022 · Building consentInstall blaze king sirocco f/standing wood burner
More streets in Grasmere
- Paterson Street122
- Stobo Street97
- Harvey Street92
- Tanner Street91
- Ross Street79
- Bay Road75
- Drury Lane56
- Cunningham Street49
- Heywood Street48
- Cunningham Crescent46
- Bullar Street43
- Charles Street43
Every street in Grasmere, and the suburb's house prices and sales.
Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.